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2,945 Shares in Marathon Petroleum Corporation (NYSE:MPC) Purchased by Banque Cantonale Vaudoise

Marathon Petroleum logo with Energy background

Key Points

  • Banque Cantonale Vaudoise has purchased a new stake in Marathon Petroleum Corporation, acquiring 2,945 shares valued at approximately $429,000, indicating growing institutional interest in the oil and gas company.
  • Multiple institutional investors have also increased their stakes in Marathon Petroleum, with 76.77% of the stock now owned by institutional investors and hedge funds.
  • Marathon Petroleum recently announced a quarterly dividend of $0.91 per share, reflecting a 2.2% yield and a dividend payout ratio of 51.20%.
  • Interested in Marathon Petroleum? Here are five stocks we like better.

Banque Cantonale Vaudoise bought a new stake in Marathon Petroleum Corporation (NYSE:MPC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,945 shares of the oil and gas company's stock, valued at approximately $429,000.

Several other hedge funds also recently made changes to their positions in MPC. Fourth Dimension Wealth LLC acquired a new position in Marathon Petroleum during the fourth quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC grew its holdings in shares of Marathon Petroleum by 1,546.2% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 214 shares of the oil and gas company's stock worth $31,000 after purchasing an additional 201 shares in the last quarter. Hughes Financial Services LLC acquired a new position in shares of Marathon Petroleum during the 1st quarter worth $32,000. Decker Retirement Planning Inc. boosted its holdings in shares of Marathon Petroleum by 1,621.4% during the 1st quarter. Decker Retirement Planning Inc. now owns 241 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 227 shares in the last quarter. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of Marathon Petroleum during the first quarter valued at $35,000. 76.77% of the stock is owned by institutional investors.

Marathon Petroleum Trading Up 1.7%

Shares of NYSE:MPC traded up $2.77 on Monday, hitting $168.30. The company had a trading volume of 2,068,019 shares, compared to its average volume of 2,039,764. The firm's 50-day simple moving average is $168.81 and its two-hundred day simple moving average is $153.29. The company has a quick ratio of 0.73, a current ratio of 1.19 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $51.70 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 2.83 and a beta of 0.90. Marathon Petroleum Corporation has a 1 year low of $115.10 and a 1 year high of $183.10.

Marathon Petroleum (NYSE:MPC - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported ($0.24) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.16. Marathon Petroleum had a return on equity of 8.89% and a net margin of 1.75%. The firm had revenue of $31.85 billion during the quarter, compared to analyst estimates of $28.91 billion. During the same quarter in the previous year, the firm earned $2.58 EPS. Marathon Petroleum's quarterly revenue was down 4.1% compared to the same quarter last year. Equities analysts anticipate that Marathon Petroleum Corporation will post 8.47 earnings per share for the current fiscal year.

Marathon Petroleum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Wednesday, August 20th will be given a dividend of $0.91 per share. The ex-dividend date is Wednesday, August 20th. This represents a $3.64 annualized dividend and a yield of 2.2%. Marathon Petroleum's payout ratio is 51.20%.

Insiders Place Their Bets

In related news, Director Kim K.W. Rucker sold 7,392 shares of Marathon Petroleum stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $175.00, for a total transaction of $1,293,600.00. Following the transaction, the director owned 18,944 shares in the company, valued at approximately $3,315,200. The trade was a 28.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.25% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MPC. Evercore ISI began coverage on shares of Marathon Petroleum in a research report on Wednesday, June 18th. They issued an "in-line" rating and a $170.00 price target on the stock. Citigroup boosted their target price on shares of Marathon Petroleum from $144.00 to $182.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Wells Fargo & Company lifted their price objective on shares of Marathon Petroleum from $182.00 to $205.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. UBS Group increased their target price on shares of Marathon Petroleum from $175.00 to $203.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Finally, Wolfe Research downgraded shares of Marathon Petroleum from an "outperform" rating to a "peer perform" rating in a research report on Monday, July 14th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Marathon Petroleum presently has an average rating of "Hold" and an average price target of $183.93.

Get Our Latest Stock Report on Marathon Petroleum

Marathon Petroleum Profile

(Free Report)

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.

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Institutional Ownership by Quarter for Marathon Petroleum (NYSE:MPC)

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